JAMB - Accounts Principles Of Accounts (2019 - No. 55)
Given:
Equipment Motor Vehicle Loan Creditors Sub in advance Sub in arrears |
₦ 10,000 15,000 4,500 3,000 150 3500 |
What is the accumulated fund?
₦14,150
₦20,850
₦21,850
₦14,200
Explanation
Accumulated fund = Assets - liabilities
10,000 + 15,000 + 3500 - 4500 + 3000 + 150
28,500 - 7650
₦20,850
10,000 + 15,000 + 3500 - 4500 + 3000 + 150
28,500 - 7650
₦20,850
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